Sunday 14 February 2016

MIDEAST STOCKS-Real estate sector lifts Gulf markets in early trade | Reuters

MIDEAST STOCKS-Real estate sector lifts Gulf markets in early trade | Reuters:

"The real estate sector helped lift stock markets in the United Arab Emirates and Qatar in early trade on Sunday, as some risk appetite started to return after Gulf markets sold off at the end of last week.

Dubai's index rose 2.0 percent, recovering most of its 2.6 percent losses on Thursday. Developers Emaar Properties and DAMAC Properties each advanced more than 2.5 percent.

Drake & Scull was up 3.9 percent after the construction company posted a quarterly net profit of 14.7 million dirhams ($4 million); an analyst at SICO Bahrain had forecast a net loss of 38.6 million dirhams."



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